First Trust Combined Series 368 Build America Bonds Portfolio is a fixed income mutual fund structured as a unit investment trust. Its primary objective is to provide investors with a steady stream of income and capital preservation by investing in a carefully selected, fixed portfolio of investment-grade taxable municipal bonds. These bonds are issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009, which encouraged public infrastructure financing across the United States by offering federal subsidies to state and local government issuers. The fund’s strategy focuses on professionally curated bonds with set maturities, appealing to investors seeking predictable cash flows and reduced issuer risk. By concentrating on Build America Bonds, the portfolio plays a notable role in supporting municipal infrastructure projects, which are vital to the broader U.S. economy. This asset is relevant for those interested in fixed income exposure with a unique blend of municipal and taxable bond features, set within a transparent, passively managed structure designed to offer both income potential and principal protection within the municipal bond market space.
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